Railway ministry drops proposal to monetise stations on PPP mode
RAILWAYS & METRO RAIL

Railway ministry drops proposal to monetise stations on PPP mode

The ministry of railroads has rejected its idea for station monetisation through public-private partnerships, and projects are currently being undertaken through engineering, procurement, and construction (EPC). The railway ministry has been instructed to hasten the sale of other assets such as trains, goodsheds, hill rail, stadiums, railway settlements, and railway land parcels.

So far, the ministry has only raised Rs 18.29 billion against a target of Rs 300 billion for the current fiscal year. The likely revenue from asset monetisation of Indian Railways assets under the NMP (National Monetisation Pipeline) in the current fiscal year has now been estimated at Rs 49.99 billion.

Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation. Earlier this year, the then NITI Aayog CEO Amitabh Kant had said the government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh.

According to the NMP document, a total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways were among the assets identified by the government for monetisation. In August 2021, Sitharaman announced the Rs 6 trillion NMP over four years to unlock value in infrastructure assets across sectors. Niti Aayog in consultation with infrastructure line ministries had prepared the report on the NMP.

Also Read
Agra Metro prepares to launch tunnel boring machine
80 AMRUT projects worth Rs 4.06 bn completed in J&K

The ministry of railroads has rejected its idea for station monetisation through public-private partnerships, and projects are currently being undertaken through engineering, procurement, and construction (EPC). The railway ministry has been instructed to hasten the sale of other assets such as trains, goodsheds, hill rail, stadiums, railway settlements, and railway land parcels. So far, the ministry has only raised Rs 18.29 billion against a target of Rs 300 billion for the current fiscal year. The likely revenue from asset monetisation of Indian Railways assets under the NMP (National Monetisation Pipeline) in the current fiscal year has now been estimated at Rs 49.99 billion. Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation. Earlier this year, the then NITI Aayog CEO Amitabh Kant had said the government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh. According to the NMP document, a total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways were among the assets identified by the government for monetisation. In August 2021, Sitharaman announced the Rs 6 trillion NMP over four years to unlock value in infrastructure assets across sectors. Niti Aayog in consultation with infrastructure line ministries had prepared the report on the NMP. Also Read Agra Metro prepares to launch tunnel boring machine 80 AMRUT projects worth Rs 4.06 bn completed in J&K

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code